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Michigan Compiled Laws Complete Through PA 19 of 2024
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218-1956-17
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THE INSURANCE CODE OF 1956 (EXCERPT)
Act 218 of 1956
CHAPTER 17
RISK MANAGEMENT AND OWN RISK AND SOLVENCY ASSESSMENT

DocumentTypeDescription
Section 500.1701SectionDefinitions.
Section 500.1703SectionRisk management framework.
Section 500.1705SectionORSA; conduct.
Section 500.1707SectionORSA summary report.
Section 500.1709SectionExemptions; waiver; requirement to maintain risk management framework, conduct ORSA, and file ORSA summary report; compliance by insurer no longer qualifying for exemption.
Section 500.1711SectionORSA summary report; preparation; maintenance and availability; review by director.
Section 500.1713SectionDocuments, materials, or other information; confidentiality; sharing and use of information; written agreement with NAIC or third-party consultant; administration, execution, and enforcement of chapter by director; inadmissibility as evidence.
Section 500.1715SectionFailure to file timely ORSA summary report; penalty.
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